M&A Deal Summary

H.I.G. Private Equity Acquires USA DeBusk

On May 1, 2024, private equity firm H.I.G. Private Equity acquired energy services and equipment company USA DeBusk from Capital Southwest

Acquisition Highlights
  • This is H.I.G. Private Equity’s 6th transaction in the Energy Services and Equipment sector.
  • This is H.I.G. Private Equity’s 236th transaction in the United States.
  • This is H.I.G. Private Equity’s 28th transaction in Texas.

M&A Deal Summary
Date 2024-05-01
Target USA DeBusk
Sector Energy Services and Equipment
Buyer(s) H.I.G. Private Equity
Sellers(s) Capital Southwest
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey
Statesman Business Advisors LLC (Statesman Corporate Finance) (Financial)
Holland & Knight (Legal)

Target

USA DeBusk

Deer Park, Texas, United States
USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 355 of 370
Sector (Energy Services and Equipment) 6 of 7
Type (Secondary Buyout) 62 of 68
State (Texas) 28 of 30
Country (United States) 236 of 246
Year (2024) 8 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Segers

Fairhope, Alabama, United States

Segers provides full repair and overhaul of Hercules and P-3 propellers, including valve housings and pump housings. Segers was founded in 1976 and is based in Fairhope, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Safety Zone

Guilford, Connecticut, United States

Safety Zone is a virtual manufacturer of branded and private-label personal protective equipment and janitorial, safety, hygiene, and sanitation products. Through its Safety Zone and Impact Products divisions, the Company serves a diversified customer base, including janitorial and sanitation supply distributors, safety products resellers, food service and food processing distributors, and retailers. Safety Zone was founded in 1973 and is based in Guilford, Connecticut.

Sell -

Seller(S) 1

SELLER

Capital Southwest

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1961
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 12 of 12
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Texas) 7 of 7
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Tru Fragrance + Beauty

Willowbrook, Illinois, United States

Tru Fragrance + Beauty designs, produce, and market fragrance & beauty brands that intimately connect with consumers. Tru Fragrance + Beauty was founded in 1969 and is based in Willowbrook, Illinois.

Buy -
Mergr

Product

Company

Legal